New Residential Construction Rises - Modern Distribution Management

New Residential Construction Rises

Privately‐owned housing units authorized by building permits in October 2021 were 4% above the prior month’s rate and 3.4% above the October 2020 rate.
Unrecognizable roofer worker in special protective work wear and gloves, using air or pneumatic nail gun and installing asphalt or bitumen shingle on top of the new roof under construction residential building

Privately‐owned housing units authorized by building permits in October 2021 were 4% above the prior month’s rate and 3.4% above the October 2020 rate.

Privately‐owned housing units authorized by building permits in October 2021 were at a seasonally adjusted annual rate of 1,650,000, 4% above the revised September rate of 1,586,000 and 3.4% above the October 2020 rate of 1,595,000, according to the U.S. Census Bureau.

Single‐family authorizations in October were at a rate of 1,069,000, 2.7% above the revised September figure of 1,041,000. Authorizations of units in buildings with five units or more were at a rate of 528,000 in October.

Privately‐owned housing starts in October were at a seasonally adjusted annual rate of 1,520,000, 0.7% below the revised September estimate of 1,530,000 but is 0.4% above the October 2020 rate of 1,514,000.

Single‐family housing starts in October were at a rate of 1,039,000, 3.9% below the revised September figure of 1,081,000. The October rate for units in buildings with five units or more was 470,000.

Privately‐owned housing completions in October were at a seasonally adjusted annual rate of 1,242,000. This is virtually unchanged from the revised September estimate of 1,242,000, but is 8.4% below the October 2020 rate of 1,356,000.

Single‐family housing completions in October were at a rate of 929,000, 1.7% below the revised September rate of 945,000. The October rate for units in buildings with five units or more was 302,000.

Related Posts

Share this article

About the Author
Recommended Reading
Leave a Reply

Leave a Comment

Sign Up for the MDM Update Newsletter

The MDM update newsletter is your best source for news and trends in the wholesale distribution industry.

2

articles left

Want more Premium content from MDM?

Subscribe today and get:

  • New issues twice each month
  • Unlimited access to mdm.com, including 10+ years of archived data
  • Current trends analysis, market data and economic updates
  • Discounts on select store products and events

Subscribe to continue reading

MDM Premium Subscribers get:

  • Unlimited access to MDM.com
  • 1 year digital subscription, with new issues twice a month
  • Trends analysis, market data and quarterly economic updates
  • Deals on select store products and events

1

article
left

You have one free article remaining

Subscribe to MDM Premium to get unlimited access. Your subscription includes:

  • Two new issues a month
  • Access to 10+ years of archived data on mdm.com
  • Quarterly economic updates, trends analysis and market data
  • Store and event discounts

To continue reading, you must be an MDM Premium subscriber.

Join other distribution executives who use MDM Premium to optimize their business. Our insights and analysis help you enter the right new markets, turbocharge your sales and marketing efforts, identify business partners that help you scale, and stay ahead of your competitors.

Register for full access

By providing your email, you agree to receive announcements from us and our partners for our newsletter, events, surveys, and partner resources per MDM Terms & Conditions. You can withdraw consent at any time.

Learn More about Custom Reports

Request a Market Prospector Demo

  • This field is for validation purposes and should be left unchanged.

Get the MDM Update Newsletter

Wholesale distribution news and trends delivered right to your inbox.

Sign-up for our free newsletter and get:

  • Up-to-date news in a quick-to-read format
  • Free access to webcasts, podcasts and live events
  • Exclusive whitepapers, research and reports
  • And more!